Can I live off the interest of $1,000,000?
It is generally not possible to live off the interest of $100,000 alone, as it would generate only a few thousand dollars annually even with a well-diversified portfolio. While $100,000 is a significant savings milestone, it is typically not enough to provide for long-term retirement expenses in the U.S. or other developed economies. To make this amount work, you would likely need to supplement it with other income sources, such as a part-time job or Social Security benefits. Retiring on $100,000 may be possible only for a very short timeframe or if your living expenses are exceptionally low and you have no debt. Carefully reviewing your spending habits and long-term financial goals is necessary to determine how this amount can best serve your needs.
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